The New Way to Characterize Property Insurance Options for Clients in California

[marindependent]

A client recently asked what i thought of a proposed policy that had low coverages, high fees, loaded with sublimits and exclusions, no an ACV valuation, and was a full pay all pay with a minimum earned premium with all fees being fully earned. I responded with:

"Its something -and that is a lot these days."

I am thinking that could be @Al3x Lee new Insurance motto.

 

[Al3x Lee]

"Its something -and that is a lot these days."

It's a harsh and inconvenient truth, but too many people still believe it’s a buyer’s market. I’ve seen folks get frustrated with their insurer, cancel their policy on a whim, thinking other companies would jump at the chance to take them on - only to find themselves either uninsured or stuck with higher premiums and worse coverage. Some people are living under a rock.

 

[Al3x Lee]

I am thinking that could be @Al3x Lee new Insurance motto.

Agreed! I've stolen it